Phosphate: Recommendation to the General Assembly to distribute 170% of the company’s capital as cash dividends and 66.7% as bonus shares

Amman Alaan – The Jordan Phosphate Mines Company announced, through a disclosure to the Securities Commission and the Amman Stock Exchange, that its Board of Directors has decided to recommend to the General Assembly the approval of cash dividend distributions for the year 2025 at a rate of 170% of the company’s capital, which stands at 300 million Jordanian dinars, in addition to increasing the capital by capitalizing part of the retained earnings.
Large cash distributions and bonus shares
The Board added in its decision issued on 29-3-2026 that the recommendation also includes distributing bonus shares at a rate of 66.7% of the capital, as part of a plan to strengthen the company’s financial position.
It affirmed that this step comes after the company achieved high net profits, allowing for rewarding returns to shareholders.
Key General Assembly meeting in April
It stated that the Ordinary General Assembly meeting of shareholders will be held on Monday, 20-4-2026, at 11:30 a.m., to discuss the recommendations and make the final decision regarding them.
It noted that these measures are in line with disclosure requirements, accounting standards, and corporate governance regulations for listed shareholding companies.
Raising capital to 500 million dinars
The Board indicated that the recommendation includes increasing the company’s capital from 300 million dinars to 500 million dinars by capitalizing 200 million dinars from retained earnings exceeding 1.47 billion dinars.
It stressed that this increase will be carried out through the distribution of bonus shares to shareholders, equivalent to 66.7% of the current capital.
Amendment of the company’s Articles of Association
The Board pointed out that implementing this step requires amending Article 7 of the company’s memorandum and articles of association to reflect the new capital of 500 million dinars, divided into 500 million shares.
It confirmed that the nominal value per share will remain one Jordanian dinar, with a restructuring of the capital in line with the company’s financial expansion.